Adhara
Adhara provides blockchain-based real-time liquidity management, FX, cross-border payments and wholesale CBDC infrastructure to commercial banks, central banks and financial market infrastructures, anchored by its Digital Cash Commander orchestration layer.
- Company typePrivate
- Founded2018
- HeadquartersLondon, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Adhara does
Adhara is a London-headquartered enterprise software company, founded in 2018 by Julio Faura, Edward Budd and Peter Munnings, that builds distributed-ledger solutions for real-time liquidity management, FX, cross-border payments and central bank digital currency infrastructure. Its platform is anchored by Digital Cash Commander (DC Commander), an orchestration layer that aggregates digital cash positions across multiple settlement rails and supports automated intraday funding decisions for bank treasuries. Adjacent modules include Deposit Token Solution (LiquidityHub T.0, PayHub T.0, Treasury T.0), Interbank Payments for cross-currency atomic settlement, FundBloc for intraday FX swaps and credit, MarginBloc for cleared and uncleared margin settlement, and a CBDC Suite for direct issuance wholesale CBDCs. The technology stack is built on non-proprietary, enterprise-grade DLT platforms including Enterprise Ethereum, Hyperledger Besu and Hedera Hashgraph, with an interoperability layer (Harmonia Lab) covering Corda, Ethereum and Fnality Payment Systems.
Adhara sells primarily to wholesale banking buyers: commercial and multinational banking groups (Santander, UBS, Deutsche Bank, Lloyds, NatWest, Goldman Sachs), central banks (CBDC Suite), financial market infrastructures, and corporate treasury clients of partner banks. Its go-to-market is enterprise direct sales conducted through pilots and proofs of concept, often in collaboration with Fnality International, whose bank-shareholder network (Santander, BNY Mellon, Barclays, UBS, Goldman Sachs) provides embedded distribution. Strategic integrations with Partior, Finteum, Ownera, HQLAx and R3 Corda position DC Commander as a multi-rail orchestration layer rather than a single-platform play.
Revenue is generated through enterprise software licensing on a subscription basis with annual billing, priced via bespoke quotes for each financial institution deployment. In June 2025 Adhara merged with ioBuilders to create a combined entity of 120+ employees across the UK, Spain, South Africa and Singapore. The combined group is described as profitable and generates double-digit million euro revenues annually, operating with engineering hubs in South Africa and Spain supporting London-based commercial and product leadership. The company has raised approximately USD 14 million across early-stage and Series A rounds, with ConsenSys as the earliest incubator and Yabeo and Force Over Mass Capital leading the 2021 Series A.
Adhara firmographics
Firmographics- Name
- Adhara
- Legal name
- ADHARA LIMITED
- Website
- https://adhara.io
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Adhara provides blockchain-based real-time liquidity management, FX, cross-border payments and wholesale CBDC infrastructure to commercial banks, central banks and financial market infrastructures, anchored by its Digital Cash Commander orchestration layer.
- Ownership category
- akta.pro rank
Adhara industry classification
Industry- Product category
- Blockchain-based Treasury and Liquidity Management Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)
- akta.pro primary industry
- Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)
- akta.pro secondary industries
- Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE), Money Markets & Repo Trading Platforms (FSAFANAG), Lending Protocol Infrastructure (Oracles, Rate Models, Vaults) (FSADAFAN)
Keywords
Where Adhara is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices5 records
Markets served
Adhara business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software Licensing and Solutions: Enterprise software licensing for blockchain-based digital cash, liquidity management, and payment solutions. Revenue generated from software deployment, integration, and ongoing support for financial institutions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise licensing model for financial institutions |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Adhara product offering
Product offeringCore offering
Adhara provides enterprise-grade blockchain-based software for real-time global liquidity management, foreign exchange, and international payments on CBDCs and tokenized money. The platform is anchored by its flagship Digital Cash Commander (DC Commander) product and complemented by solutions for deposit tokens, interbank payments, intraday liquidity exchange, margin settlement, and central bank digital currency issuance, deployed at banks, central banks, and financial market infrastructures.
Product overview
Adhara is a blockchain-based software company providing real-time liquidity management and international payments solutions for decentralized financial networks. The offering is a platform-plus-modules architecture anchored by Digital Cash Commander (DC Commander) as the flagship product providing unified treasury visibility and control across all solutions. The portfolio includes: Deposit Token Solution (LiquidityHub T.0, PayHub T.0, Treasury T.0 for Corporates) for tokenized deposit and settlement management; Interbank Payments for cross-border cross-currency payments; FundBloc for intraday liquidity exchange, credit and loans; MarginBloc for digital cash settlement of margin obligations; CBDC Suite for central bank digital currency issuance; and Adhara TestNet for ecosystem engagement and strategy validation. All solutions leverage enterprise-grade distributed ledger technologies including Ethereum, Hyperledger Besu, and Hedera Hashgraph.
Differentiator
Problem solved
Functional benefit
Brands
- Digital Cash Commander: A consistent, professional window through which to engage, test and incrementally evolve business strategies. DC Commander is Adhara's flagship product providing Treasury a one-stop source for managing liquidity in the digital asset era.
- Adhara TestNet
- Deposit Token Solution
- Interbank Payments
- FundBloc
- MarginBloc
- CBDC Suite
Products and services
- Digital Cash Commander (DC Commander) Adhara's flagship product providing Treasury a one-stop source for managing liquidity in the digital asset era, with funding decision support, execution orchestration, and API connectivity for existing analytics tools. Targeted at treasury and operations teams of banks and financial institutions.
- Deposit Token Solution Specialists in delivery of Deposit Token and Settlement (liquidity) Token Solutions to Banks and FMIs, including LiquidityHub T.0 for funding and settlement, PayHub T.0 for cross-border payments, and Treasury T.0 for corporate clients.
- Interbank Payments Complete platform for interbank cross currency payments providing real-time payments orchestration, dynamic FX pricing, and atomic settlement on CBDCs and commercial bank tokenized money through global and regional multi-bank networks.
- FundBloc Provides treasury with new intraday liquidity levers including Intraday Credit, Intraday Loans, and Intraday Deliverable Liquidity Swaps to strategically reduce pre-funding requirements and generate new intraday revenue.
- MarginBloc Streamlines and reimagines the cash settlement process for Cleared and Uncleared Initial and Variation Margin to deliver structural cash ratio benefits, reduce counterparty credit risk, and avoid large exposure risk.
- CBDC Suite In-depth solution for Central Banks to deliver direct issuance CBDC offering domestically, including Central Bank Simulator for prototyping distributed CBDC RTGS networks and tools for managing direct issuance, transfers, limits, and bank onboarding.
- Adhara TestNet Vehicle for refining strategy and engaging stakeholders, providing a venue for banks, central banks, and financial market participants to visualize and prepare for the new ecosystem. Includes the Fnality/Adhara Ecosystem TestNet.
Quantifiable outcome
- Structural cash ratio benefits to balance sheet
- +4 more outcomes
Companies that use Adhara
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles3 records
Adhara technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature8 records
Adhara partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and major.
- PartiorcoreAdhara's DC Commander serves as integration layer between bank systems and Partior's digital cash settlement network. Joint solution enables banks to access 24/7 Payment versus Payment FX settlement for intraday liquidity management.
- FinteumcoreAdhara's DC Commander enables banks to seamlessly integrate with Finteum's intraday FX swap marketplace. Partnership enables automated settlement through Finteum's platform with Adhara supporting treasury and FX operations.
- ioBuilderscoreAdhara and ioBuilders merged to form a leading independent provider of blockchain-based software products and services for financial institutions. Combined entity offers full product suite in digital cash, tokenized lending, and securities. Both companies focus on Enterprise Ethereum based platforms with operations across EMEA, Americas, and Asia.
- OwneramajorStrategic partnership provides financial institutions with unified routing and orchestration solution for digital exchange of cash and collateral across platforms. Combines Ownera's FinP2P routers with Adhara's liquidity management and deposit token solutions.
- Hyperledger FoundationmajorAdhara joined Hyperledger Foundation as a general member. Active contributor to Hyperledger Labs including Harmonia Lab for DLT interoperability and Signare for digital signing solutions.
- Fnality (Bank of England)coreAdhara was instrumental in Fnality's 'world's first' blockchain payments at Bank of England. Sterling Fnality Payment System became the first DLT-based, fully-regulated payment system in the world.
- R3majorAdhara partnered with R3 and Hyperledger to create the Harmonia Lab - a Hyperledger lab for unlocking interoperability for regulated financial networks. Adhara leads technical development for cross-chain interoperability.
- Fnality InternationalcoreAdhara is Fnality's software partner for the first wholesale digital cash system in commercial use. Adhara built Ecosystem TestNet in partnership with Fnality. Products including DC Commander and Deposit Token Solution tested and integrated with Fnality Payment Systems.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Adhara competitors and assessment
Company assessmentDirect peers
- Fnality International: Operator of the wholesale digital cash settlement systems (Sterling FnPS live at the Bank of England) that Adhara is the software partner for. Directly comparable in tokenised central bank money infrastructure and shared bank customer base.
- Partior: Multi-bank digital cash settlement network (founded by DBS, JPMorgan, Temasek) for atomic PvP cross-border payments. Direct competitor and integration partner via DC Commander for 24/7 FX settlement.
- Ownera: Provider of FinP2P routers for unified routing and orchestration of digital cash and collateral across platforms. Direct integration partner with Adhara's DC Commander and addresses overlapping treasury use cases.
- HQLAx: Operator of a DLT-based Digital Collateral Registry for intraday liquidity and cross-chain repo swaps. Direct integration partner of Adhara on cross-chain repo pilots with Fnality and the major banks.
Broad incumbents
- R3: Enterprise DLT platform provider (Corda) used by many of the same financial institutions Adhara serves. Joint partner in the Harmonia interoperability lab, but competes in underlying DLT and tokenisation tooling.
- ConsenSys: Ethereum infrastructure and tooling provider; historical incubator and investor in Adhara via ConsenSys Mesh. Competes at the underlying protocol layer and offers enterprise Ethereum services overlapping with Adhara's stack.
- Digital Asset Holdings: Enterprise DLT (Canton) and smart-contract platform for capital markets and tokenisation. Competes in similar bank-and-FMI tokenisation programmes and serves an overlapping regulated financial institution customer base.
- Ripple: Provider of blockchain-based cross-border payments infrastructure (RippleNet, RLUSD stablecoin) used by banks and payment service providers. Overlaps with Adhara's Interbank Payments and FX settlement propositions.
- JPMorgan Kinexys (formerly Onyx): JPMorgan's institutional blockchain unit operating Liink and JPM Coin for cross-border and interbank settlement. Competes head-to-head with Adhara in wholesale digital cash and tokenised deposits, with substantially larger balance-sheet backing.
Others
- Hyperledger Foundation: Open-source DLT consortium under the Linux Foundation that Adhara contributes to and builds on (Hyperledger Besu, Harmonia Lab). Not a commercial competitor but defines the standards and underlying technology Adhara's products depend on.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Adhara social profiles
Digital presenceAdhara compliance and trust
Trust signalCompliance2 records
Adhara financial estimates
Financial estimateRevenue estimate
Valuation estimate
Adhara leadership team
Management profileNumber of profiles
Profiles3 records
Adhara subsidiaries and ownership
Company hierarchySubsidiaries2 records
Adhara funding detail
Funding detailFunding overview
Funding rounds4 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Adhara M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Adhara
What does Adhara do?
Adhara provides enterprise-grade blockchain-based software for real-time global liquidity management, foreign exchange, and international payments on CBDCs and tokenized money. The platform is anchored by its flagship Digital Cash Commander (DC Commander) product and complemented by solutions for deposit tokens, interbank payments, intraday liquidity exchange, margin settlement, and central bank digital currency issuance, deployed at banks, central banks, and financial market infrastructures.
Is Adhara a public or private company?
Adhara is a private company. It is classified as venture growth investor backed and is currently operating.
When was Adhara founded?
Adhara was founded in 2018. It employs 51 to 100 people.
Where is Adhara based?
Adhara is headquartered in London, United Kingdom, in the Europe region.
How does Adhara make money?
One revenue line is on record: software Licensing and Solutions.
Who are Adhara's main competitors?
Direct peers on record are Fnality International, Partior, Ownera and HQLAx. Broad incumbents are R3, ConsenSys, Digital Asset Holdings, Ripple and JPMorgan Kinexys (formerly Onyx). Hyperledger Foundation is listed as an others.
Does Adhara have an API?
No public API is recorded for Adhara.
What industry is Adhara in?
Adhara's product category is Blockchain-based Treasury and Liquidity Management Software. Its primary akta.pro industry code is FSAPAIAJ, Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails), with a secondary code of FSADADAE, Mint/Redeem, Issuance APIs & Treasury Operations Platforms. Its NAICS code is 522320 and its SIC code is 6200.